CorTech acquires Southern California-based Resources4Staffing

Staffing provider CorTech International acquired the assets of Resources4Staffing, an industrial and clerical staffing business based in the Southern California city of West Covina.

The transaction closed Dec. 26; terms were not disclosed.

RResources4Staffing’s brand will now operate as Resources4Staffing,...

Chicago, South Florida firms report increased hiring plans for accounting/finance and IT

Human resources professionals and hiring managers in the greater Chicago and south Florida markets plan to increase their hiring in the year ahead, according to the first-quarter accounting, finance and IT hiring forecast study conducted by staffing provider Brilliant and Richard Curtin, director of...

Business optimism rises for 2017, Express Employment survey finds

More than half of business leaders expect moderate growth in 2017, according to a survey released by Express Employment Professionals.

Business leaders were asked, “What are your business performance predictions for 2017?” Responses include:

• We will see moderate growth: 58%, up from 50% in a...

Nineteen states increase minimum wage (ABC)

Nineteen states, including New York and California, rang in the year with an increase in the minimum wage, ABC reports. Massachusetts and Washington state will have the highest new minimum wages in the country, at $11 per hour.

Manufacturers most upbeat in two years, ISM survey shows (MarketWatch)

American manufacturers finished 2016 on a wave of optimism, as a survey of executives hit the highest level in two years, MarketWatch reports. The Institute for Supply Management said its manufacturing index climbed to 54.7% in December from 53.2%, slightly higher than the MarketWatch forecast. The index’s...

Next issue arriving Tuesday

The next issue of the Staffing Industry Daily News will be sent on Tuesday, 3 January 2017. Have a happy new year!

Atairos Group acquiring 26% stake in TriNet

Private equity firm Atairos Group Inc. is acquiring a 26% ownership stake in professional employer organization Trinet Group Inc. (NYSE: TNET) in a deal announced last week. The deal will give Atairos a 28% share in the PEO, valued at approximately $440 million.

Atairos is acquiring the shares from General...

Staffing provider GEE Group revenue jumps with acquisitions

GEE Group Inc. (NYSE MKT: JOB) reported net revenue rose 91.5% to $83.1 million in its fiscal year 2016 ended Sept. 30, with growth fueled by acquisition activity. The Naperville, Ill.-based staffing provider’s recent acquisitions include Scribe Solutions, Agile Resources, Access Data Consulting and...

Chicago private equity firm acquires Sonoma Consulting

Chicago-based private equity firm Highlands Ventures acquired Sonoma Consulting Inc., an IT consulting and executive search firm also headquartered in Chicago. Sonoma Consulting will merge with Highlands Ventures’ current portfolio company, Halo Group LLC.

The deal brings Halo into Highlands Ventures’...

MedPro Healthcare Staffing completes private equity recapitalization

Private equity firm Harren Equity Partners completed the recapitalization of Management Health Systems LLC, dba MedPro Healthcare Staffing. The investment will be used to fund further growth.

The transaction closed Nov. 27. Terms were not disclosed, but the three original investors of MedPro will continue...